Former premises for casinos in Novy Arbat Street are not in demand on Moscow rental market

Former premises for casinos in Novy Arbat Street are not in demand on Moscow rental market

According to Blackwood Company, the major volume of vacant premises where gambling houses were situated, are not in demand now. Analysts relate this standstill not with the global crises, but with the fact that these premises are morally out of date.

Blackwood company experts expect that the vacant premises in Novy Arbat Street will be filled up in the course of retargeting from retail business to the other segments, namely, entertainment and food services. The upper price segment is to be extended as well.

Part of premises is to be offered for rent to client bank branch and other companies of service industry.